Sgi Enhanced Nasdaq 100 Etf Market Value
| QXQ Etf | 27.26 0.24 0.87% |
| Symbol | SGI |
The market value of SGI Enhanced Nasdaq is measured differently than its book value, which is the value of SGI that is recorded on the company's balance sheet. Investors also form their own opinion of SGI Enhanced's value that differs from its market value or its book value, called intrinsic value, which is SGI Enhanced's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because SGI Enhanced's market value can be influenced by many factors that don't directly affect SGI Enhanced's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between SGI Enhanced's value and its price as these two are different measures arrived at by different means. Investors typically determine if SGI Enhanced is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, SGI Enhanced's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
SGI Enhanced 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to SGI Enhanced's etf what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of SGI Enhanced.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in SGI Enhanced on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding SGI Enhanced Nasdaq 100 or generate 0.0% return on investment in SGI Enhanced over 30 days. SGI Enhanced is related to or competes with Global X, Amplify CWP, Global X, JPMorgan Nasdaq, NEOS ETF, FT Cboe, and Main Buywrite. More
SGI Enhanced Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure SGI Enhanced's etf current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess SGI Enhanced Nasdaq 100 upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.46 | |||
| Information Ratio | 0.0061 | |||
| Maximum Drawdown | 7.71 | |||
| Value At Risk | (2.06) | |||
| Potential Upside | 2.12 |
SGI Enhanced Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for SGI Enhanced's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as SGI Enhanced's standard deviation. In reality, there are many statistical measures that can use SGI Enhanced historical prices to predict the future SGI Enhanced's volatility.| Risk Adjusted Performance | 0.0844 | |||
| Jensen Alpha | 0.1296 | |||
| Total Risk Alpha | (0.07) | |||
| Sortino Ratio | 0.0054 | |||
| Treynor Ratio | (2.22) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of SGI Enhanced's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
SGI Enhanced Nasdaq Backtested Returns
Currently, SGI Enhanced Nasdaq 100 is very steady. SGI Enhanced Nasdaq owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.11, which indicates the etf had a 0.11% return per unit of volatility over the last 3 months. We have found twenty-eight technical indicators for SGI Enhanced Nasdaq 100, which you can use to evaluate the volatility of the etf. Please validate SGI Enhanced's coefficient of variation of 952.42, and Risk Adjusted Performance of 0.0844 to confirm if the risk estimate we provide is consistent with the expected return of 0.13%. The entity has a beta of -0.0555, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning SGI Enhanced are expected to decrease at a much lower rate. During the bear market, SGI Enhanced is likely to outperform the market.
Auto-correlation | 0.54 |
Modest predictability
SGI Enhanced Nasdaq 100 has modest predictability. Overlapping area represents the amount of predictability between SGI Enhanced time series from 29th of October 2024 to 13th of November 2024 and 13th of November 2024 to 28th of November 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of SGI Enhanced Nasdaq price movement. The serial correlation of 0.54 indicates that about 54.0% of current SGI Enhanced price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.54 | |
| Spearman Rank Test | 0.03 | |
| Residual Average | 0.0 | |
| Price Variance | 0.16 |
SGI Enhanced Nasdaq lagged returns against current returns
Autocorrelation, which is SGI Enhanced etf's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting SGI Enhanced's etf expected returns. We can calculate the autocorrelation of SGI Enhanced returns to help us make a trade decision. For example, suppose you find that SGI Enhanced has exhibited high autocorrelation historically, and you observe that the etf is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
SGI Enhanced regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If SGI Enhanced etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if SGI Enhanced etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in SGI Enhanced etf over time.
Current vs Lagged Prices |
| Timeline |
SGI Enhanced Lagged Returns
When evaluating SGI Enhanced's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of SGI Enhanced etf have on its future price. SGI Enhanced autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, SGI Enhanced autocorrelation shows the relationship between SGI Enhanced etf current value and its past values and can show if there is a momentum factor associated with investing in SGI Enhanced Nasdaq 100.
Regressed Prices |
| Timeline |
Pair Trading with SGI Enhanced
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if SGI Enhanced position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in SGI Enhanced will appreciate offsetting losses from the drop in the long position's value.Moving together with SGI Etf
| 0.93 | JEPI | JPMorgan Equity Premium | PairCorr |
| 0.96 | XYLD | Global X SP | PairCorr |
| 0.91 | DIVO | Amplify CWP Enhanced | PairCorr |
| 0.92 | RYLD | Global X Russell | PairCorr |
| 0.98 | JEPQ | JPMorgan Nasdaq Equity | PairCorr |
The ability to find closely correlated positions to SGI Enhanced could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace SGI Enhanced when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back SGI Enhanced - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling SGI Enhanced Nasdaq 100 to buy it.
The correlation of SGI Enhanced is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as SGI Enhanced moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if SGI Enhanced Nasdaq moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for SGI Enhanced can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out SGI Enhanced Correlation, SGI Enhanced Volatility and SGI Enhanced Alpha and Beta module to complement your research on SGI Enhanced. You can also try the Portfolio Rebalancing module to analyze risk-adjusted returns against different time horizons to find asset-allocation targets.
SGI Enhanced technical etf analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, etf market cycles, or different charting patterns.